20497 E LOLO PASS RD , Rhododendron, OR 97049(Clackamas County)

LENDER WILL COVER 1% OF YOUR INTEREST RATE FOR THE FIRST YEAR. It is TIME TO SELL, $235,000 PRICE DROP Gorgeous Mt. Hood views from inside & outside your mountain getaway! This 5-bedroom, 3-bath, 4,100+ sq. ft. retreat sits on 2.9 acres of serene wilderness, perfect as a primary residence, vacation home, or Airbnb investment. Rental projections estimate $62,138 for just 147.7 booked nights, with room to comfortably host 10–14 guests and two potential primary suites. Inside, you’ll love the vaulted ceilings, knotty pine finishes, abundant natural light, and panoramic views of Mt. Hood and the Zigzag Mountains. The home features multiple living and flex spaces, a jetted tub, primary suite with w decks for sunrise views, propane fireplace, newer carpet, and expansive nature views from every window. Practical updates include an 80-gallon water heater, interior sprinkler system with 600-gallon tank and compressor, outlet for generator, and a new 1,350-gallon holding tank (2023) with constant 60 PSI water pressure. The home is finished with cedar and fiber cement siding, a 50-year roof installed in 1991, and a 30-year addition roof from approximately 2007. A fenced garden area, generous storage, and extensive cedar decking complete the property. Located in the heart of the Mt. Hood National Forest, you’re just minutes from Government Camp, Timberline Lodge, and Mt. Hood Ski Bowl, with endless hiking, skiing, and year-round recreation nearby. Whether you’re looking for an investment, a full-time residence, or a bit of both, this home has you covered. Schedule your showing today!

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